NJ Atty Is Liable As Issuer In Stock Scheme, Judge Rules

Law360, New York (July 11, 2013, 6:22 PM EDT) -- A New Jersey lawyer played such a key role in allowing Greenstone Holdings Inc. to fraudulently hawk more than 6 million shares of stock that she is subject to liability under laws governing issuers that offer securities for sale, a New York federal judge ruled Wednesday.

U.S. District Judge Miriam Goldman Cedarbaum granted summary judgment to the U.S. Securities and Exchange Commission against attorney Virginia K. Sourlis after an earlier decision holding the lawyer liable for aiding and abetting securities fraud by issuing a false legal...
To view the full article, register now.